The first U.S. batch of the Pfizer-BioNTech COVID-19 vaccine left a Pfizer facility in Kalamazoo, Michigan, on Sunday, per CNN, days after the FDA issued an emergency use authorization for the inoculation.
Driving the news: UPS and FedEx will deliver 2.9 million doses of the vaccine to about 150 locations in all 50 states by Monday and to another 450 sites between Tuesday and Wednesday, said Army Gen. Gustave Perna, who is with Operation Warp Speed.
When is making billions of dollars easier than falling off a log? The answer: When giant Wall Street firms like BlackRock and Fidelity get allocated large chunks of stock in white-hot companies. The following day those shares end up being worth vastly more than the investors paid for them.
Why it matters: More money has been made this way in 2020 than in any prior year, even including the height of the dot-com bubble in 2000.
Major companies are postponing their IPOs as a result, worried that they'd effectively be giving billions of dollars away to undeserving investors.
Chinese President Xi Jinping on Saturday pledged to cut carbon emissions per unit of economic output by over 65% by 2030 and boost the share of nonfossil fuels in energy consumption to roughly 25% by then.
Why it matters: China is by far the world’s largest greenhouse gas emitter, and the announcement offers new specifics about the country’s existing climate targets. However, the pledge includes a slightly strengthened emissions intensity target, and some environmentalists’ immediate response to the overall package was lukewarm.
While offices remain closed and travel isn't an option, some companies are turning to virtual reality to bring employees together.
Why it matters: Let's face it: Slack sessions and Zoom happy hours can only go so far to promote company cohesion. VR can provide another outlet, even if the technology is still in its infancy.
Oracle announced it has relocated its headquarters to Austin, Texas, becoming the latest tech company to move out of the San Francisco Bay Area, Bloomberg first reported on Friday.
The big picture via Axios' Jim VandeHei and Mike Allen: America’s entrepreneurial and technology power is dispersing beyond Silicon Valley and New York — a trend greatly accelerated by two Cs: coronavirus and California.
